ULTI vs. OMAH

Last updated Aug 5, 2026

ULTI (REX IncomeMax Option Strategy ETF) and OMAH (VistaShares Target 15™ Berkshire Select Income ETF) are both Derivative Income funds. Both are actively managed. Their 0.03 correlation means their historical movements had little consistent relationship. ULTI charges 1.25%/yr vs 0.95%/yr for OMAH.

Performance

ULTI vs. OMAH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in REX IncomeMax Option Strategy ETF (ULTI) and VistaShares Target 15™ Berkshire Select Income ETF (OMAH). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ULTI achieves a -12.35% return, which is significantly lower than OMAH's 10.88% return.

ULTI

• 1D: 3.80%
• 1M: -18.69%
• 6M: -23.16%
• YTD: -12.35%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

OMAH

• 1D: 0.37%
• 1M: 2.11%
• 6M: 10.79%
• YTD: 10.88%
• 1Y: 16.89%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.50%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
OMAH VistaShares Target 15™ Berkshire Select Income ETF	$20.61M	$17.47M	$16.72M
ULTI REX IncomeMax Option Strategy ETF	$651.44K	$766.06K	$1.11M

ULTI vs. OMAH - Yearly Performance Comparison

	2026 (YTD)	2025
ULTI REX IncomeMax Option Strategy ETF	-12.35%	-38.67%
OMAH VistaShares Target 15™ Berkshire Select Income ETF	10.88%	1.98%

Correlation

The correlation between ULTI and OMAH is 0.03, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (All Time) Calculated using the full available price history since Oct 31, 2025	0.03

Return for Risk

ULTI vs. OMAH — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

ULTI

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

OMAH

OMAH Risk / Return Rank: 83
OMAH Sharpe Ratio Rank: 80
OMAH Sortino Ratio Rank: 79
OMAH Omega Ratio Rank: 77
OMAH Calmar Ratio Rank: 95
OMAH Martin Ratio Rank: 86

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

ULTI vs. OMAH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for REX IncomeMax Option Strategy ETF (ULTI) and VistaShares Target 15™ Berkshire Select Income ETF (OMAH). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ULTI	OMAH	Difference
Sharpe ratio: Return per unit of total volatility	—	2.03	—
Sortino ratio: Return per unit of downside risk	—	2.86	—
Omega ratio: Gain probability vs. loss probability	—	1.36	—
Calmar ratio: Return relative to maximum drawdown	—	5.76	—
Martin ratio: Return relative to average drawdown	—	13.81	—

Drawdowns

ULTI vs. OMAH - Drawdown Comparison

The maximum ULTI drawdown since its inception was -54.23%, which is greater than OMAH's maximum drawdown of -11.83%. Use the drawdown chart below to compare losses from any high point for ULTI and OMAH.

Drawdown Indicators

	ULTI	OMAH	Difference
Max Drawdown Largest peak-to-trough decline	-54.23%	-11.83%	-42.40%
Max Drawdown (1Y) Largest decline over 1 year	—	-2.95%	—
Current Drawdown Current decline from peak	-46.25%	0.00%	-46.25%
Average Drawdown Average peak-to-trough decline	-29.84%	-1.22%	-28.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.23%	—

Volatility

Volatility by Period

	ULTI	OMAH	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.01%	—
Volatility (6M) Calculated over the trailing 6-month period	—	5.91%	—
Volatility (1Y) Calculated over the trailing 1-year period	61.64%	8.35%	+53.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	61.64%	12.82%	+48.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	61.64%	12.82%	+48.82%

ULTI vs. OMAH - Expense Ratio Comparison

ULTI has a 1.25% expense ratio, which is higher than OMAH's 0.95% expense ratio.

Dividends

ULTI vs. OMAH - Dividend Comparison

ULTI's dividend yield for the trailing twelve months is around 94.80%, more than OMAH's 14.83% yield.

Position	TTM	2025
OMAH VistaShares Target 15™ Berkshire Select Income ETF	14.83%	12.86%
ULTI REX IncomeMax Option Strategy ETF	94.80%	14.96%

Frequently Asked Questions

Can I hold both ULTI and OMAH in my portfolio?

ULTI and OMAH have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ULTI or OMAH?

On fees, OMAH is cheaper at 0.95% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ULTI or OMAH?

OMAH is cheaper with a 0.95% expense ratio, compared with 1.25% for ULTI.

Which ETF pays a higher dividend yield, ULTI or OMAH?

ULTI has the higher dividend yield at 94.80%, compared with 14.83% for OMAH.

What is the main difference between ULTI and OMAH?

They also come from different issuers: REX Shares and VistaShares. Their fees differ too: 1.25% for ULTI and 0.95% for OMAH.